English 
ខ្មែរ 
Phnom Penh Municipality to Take Action Against Encroachers on Canals and Public Land
- 25 December 2020
The Phnom Penh municipality plans to take action on illegal canal and public land encroachment soon, particularly in the western part of Phnom Penh, after deciding to dredge and rebuild 12 drainage systems across the city. The plan was announced in a meeting chaired by Phnom Penh Governor HE Khuong Sreng on 24 December. During the meeting, HE Khuong Sreng said that 12 drainage systems out of...
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Several EU Members Provide Co-financing of US$115 million for Cambodia’s Rural Infrastructure Development
- 25 December 2020
The German development bank KfW, AgenceFrançaise de Développement (AFD) and the European Union (EU) have provided US$115 million in co-funding to Cambodia for rural infrastructure development projects in the central area of the country. The agreement was signed recently by the Cambodian government, the German development bank KfW, AFD and the EU representatives, according to a press release iss...
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Property Sector Yet to Experience Significant Effects from Community Transmission Event
- 25 December 2020
President of the Cambodia Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim said that the recent COVID-19 community transmission outbreak, known as the 28 November incident, has yet to negatively affect the real estate market in Cambodia. Speaking to Construction & Property Magazine on 24 December, Mr Chrek Soknim said: "It is too soon to conclude the effects of the 28 November i...
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CVEA’s Recently-elected President Vows to Boost Real Estate Market in Cambodia 2021
- 24 December 2020
Mr Chrek Soknim has vowed to do his best to boost the Cambodian real estate market after he was recently re-elected as the president of the Cambodian Valuers and Estate Agents Association (CVEA) for 2021-2022. The vote counting and results announcement was held via video call on 23 December with the participation of board members as well as other general members. Mr Chrek Soknim expressed hi...
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New Battambang Solar Power Station Over 90% Complete Receives Additional US$45-million in Funding
- 24 December 2020
Chinese firm Risen Energy has injected an additional US$45-million funding into the new 73-megawatt Battambang power plant project, while the construction of the plant is over 90% complete. Risen Energy has received this additional funding in form of debt from DEG and ICCF (The Interact Climate Change Facility, the European Investment Bank, and eleven European Development Finance Institutions)....
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Gov’t Continues Tourism-Related Business Tax Exemption for Further Three Months
- 24 December 2020
The government has decided to continue the tax exemption for tourism-related businesses including hotels, guesthouses, restaurants and travel agencies for another three months, to help the tourism sector during the pandemic. According to an official announcement released on 23 December, the exemption applies only for businesses in Phnom Penh, Siem Reap, Sihanoukville, Kampot, Bavet and Poipet, ...
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Two Private Firms Approved to Mine Over 20,000 hectares in Tbong Khmum and Ratanakkiri
- 24 December 2020
On 21 December, the Ministry of Mines and Energy issued licenses for two private firms to continue their mining activities on over 20,000 hectares in Tbong Khmum and Ratanakkiri provinces. The first company is Renaissance Minerals (Cambodia) Limited, who got permission to mine within the area of 107.1 square kilometres in Memot district of Tbong Khmum province. Meanwhile, approval was given ...
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PM Hun Sen to Inaugurate New MPWT Headquarters in January
- 24 December 2020
The new Ministry of Public Works and Transport (MPWT) building is scheduled to be officially inaugurated on 22 January 2021 under the presidency of Prime Minister Samdech Hun Sen, according to MPWT Minister HE Sun Chanthol. The minister revealed the details about inauguration during a video-call weekly meeting on 23 December. "The objective of the relocation is to bring together all units un...
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Stamp Duty Tax Exemption Extended to December 2021
- 24 December 2020
The government has decided to extend the stamp duty tax exemption deadline for property worth less than US$70,000 from January to December 2021. According to the official announcement released on 23 December, the government also urged developers to provide more discounts to buyers, with the aim to boost the economy through more property transactions. The first announcement of tax exemption w...
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Let’s Find Out! EP55: Is Buying Property Always Better than Renting?
- 24 December 2020
<div class="youtube"> https://www.youtube.com/watch?v=WdhQbDjpN3w </div> Most people think that renting a house is a waste of money. Rather than helping the landlords pay their mortgage, why not buy your own? However, this is not always the case. Is Buying Property Always Better than Renting? Subscribe to the Construction & Property TV Channel for more up-to-date constr...
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S. Korea Mulls Transforming Former Pailin War Zone Into New Development Area
- 23 December 2020
The South Korean government through the Korea International Cooperation Agency (KOICA) is considering transforming a former war zone in Pailin province into a new development area, according to the Pailin Provincial Administration. In a meeting with the Pailin officials on the morning of 23 December, KOICA representative Ro Hun Chun said that the project is still at the feasibility study stage....
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Ground Broken on 8-Road Renovation Project in Kep Province
- 23 December 2020
Kep Governor HE Som Piseth broke ground on the morning of 23 December on the construction of one red gravel road and 7 DBST roads with a total of length of over 3000 metres. HE Som Piseth said that the rehabilitation of the roads is a new achievement in provincial infrastructure development. Upon completion, these routes will help ease the travel of both locals and tourists. He also requeste...
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